International

Saudi Arabia’s crude oil flows to China are expected to stay at a one-year high of about 48 million barrels in June—roughly the same volume arriving in China from the world’s top crude exporter this month, trade sources told Reuters on Tuesday. Following the OPEC+ decision to continue boosting production, …

China has accelerated crude oil imports in March and April, but the increased purchases this spring aren’t necessarily a sign of recovering fuel demand in the world’s biggest crude importer. It’s more likely that Chinese refiners are aggressively stockpiling cheaper crude amid uncertainties about sanctioned barrels going forward, analysts say. …

China’s CATL, the world’s largest electric vehicle battery maker is scheduled to issue new shares on the Hong Kong stock exchange, eyeing proceeds of as much as $4 billion. This will make its issue the largest this year in Hong Kong, the Financial Times reported, citing a prospectus filed with …

Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, the front-month …

The UK is more than doubling the funding for a so-called Clean Industry Bonus to support offshore wind projects, just as the world’s biggest offshore wind project developer, Orsted, pulled the plug on a major UK plan due to worsened economics. The UK government announced on Friday that it is …

Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia was slapped with one of the highest tariffs – 32% – in the “liberation day” tariffs announced by U.S. President …

Slovakia criticized on Wednesday the European Commission’s roadmap to phase out imports of all kinds of Russian energy by 2027, particularly natural gas, claiming that it is “economic suicide” that will hurt the EU more than Russia. The European Union’s executive arm, the European Commission, on Tuesday unveiled a roadmap …

India’s federal government eased on Wednesday coal supply restrictions, allowing independent power producers to bid and procure coal supply at auctions for periods of between 1 and 25 years. Under the new measure passed by the cabinet, producers can bid for coal for periods of up to 25 years at …

Norway is looking to expand its oil and gas production with a new licensing round in frontier areas, with parliament directing the country’s minority government to facilitate the event. Reuters reports that the proposal to restart licensing rounds for oil and gas came—unsurprisingly—from the Conservatives but it gained majority support …

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5, according to Kpler’s Amena Bakr on X. The call is set for noon Vienna time, with the agenda focused on “consensus building around maintaining the sped-up increment of 411K for …